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Closed 1/24, how long will it take to report!?

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webhopper
Moderator Emeritus

Closed 1/24, how long will it take to report!?

I closed on 1/24/12 and my mortgage is still not reporting.  My broker sold it to Wells Fargo in Feb. Wells Fargo sold it to Freddie Mac in late March... Any idea on when this will report?

FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


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Booner72
Senior Contributor

Re: Closed 1/24, how long will it take to report!?

WF reports after the 3rd statement.  They say that if something went wrong in closing or title or whatever, the buyer shouldn't be punished with a bad credit report hit.  They want time to make sure everythign is A-Okay.  I know this bc WF bought my loan, too.  If your first payment wasn't due til March, you've still got some time b4 it reports.  My scores went up when it reported as it helped my mix of credit (I think).....It's exciting when it reports!

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
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